Carvana shares jumped over 16% in after-hours trading Wednesday, according to Benzinga. Carvana reported second-quarter revenue of $4.84 billion, surpassing analyst expectations of $4.53 billion. Earnings came in at $1.28 per share, ahead of the estimated 97 cents per share. Carvana's total revenue rose 42% year-over-year in Q2 as vehicle sales increased by 41%. Carvana CEO Ernie Garcia said the company’s growth and profitability stem from its efficient, vertically integrated business model and customer-focused experience. He added that Carvana is positioned to capitalize on the enormous opportunity ahead by scaling its operations and enhancing profitability. Carvana expects retail unit sales to rise in the third quarter and projects full-year 2025 adjusted EBITDA between $2 billion and $2.2 billion.
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